<ul><li>Happiness=Health+Wealth+Good Relationships </li><li>Health=Excercise+Diet+Sleep</li><li>Exercise=High Intensity Resistance Training +Sports+Rest</li><li>Diet=Natural Foods+Intermittent Fasting+plants</li><li>Sleep=No alarms +8-9hrs+Circadian rhythms </li></ul>

Naval's Life Formulas

<ul><li>Wealth= Income+Wealth*(Return on investment)</li><li>Income = Accountability +Leverage +specific knowledge </li><li>Accountability= Personal branding + Personal Platform+ Taking Risk ?</li><li>Leverage= Capital +People +Intellectual Poperty</li><li>Return on Investment (ROI)= "Buy and Hold" + Valuation + Margin of Safety </li><li>Specific knowledge =Knowing how to do something society can't yet easily train other people to do.</li></ul>

Wealth

<ul><li>Be present above all else</li><li>Desire is suffering. (Buddha)</li><li>Anger is a hot coal you hold in your hand while waiting to throw it at someone else. (Buddha)</li><li>If you can’t see yourself working with someone for life, don't work with them for a day.</li><li>Reading (learning) is the ultimate meta-skill and can be traded for anything else.</li><li>All the real benefits in life come from the compound interest.</li><li>Earn with your mind, not your time</li><li>99% of all your efforts are wasted.</li><li>Total honesty at all the times. It's almost always possible to be honest and positive.</li></ul>

Naval's Rule

<ul><li>Praise specifically, criticize generally. (Warren Buffet).</li><li>Truth is that which has predictive power.</li><li>Watch every thought. (Ask "Why am I having this thought ? ")</li><li>All the greatness comes from suffering. </li><li>Love is given, not recieved.</li><li>Enlightenment is the space btw your thoughts .</li><li>Mathematics is the language of nature.</li><li>Every moment has to be complete I'm and of itself.</li><li> </li></ul>

Continued...

When working, surround yourself with people more successful than you.When playing, surround yourself with people happier than you﻿.

You can get almost anything you want out of life as long as it's one thing and you want it far more than anything else.
-Naval Ravikant

GETTING RICH IS NOT JUST ABOUT LUCK; HAPPINESS IS NOT JUST A TRAIT WE ARE BORN WITH. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn.So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like?Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

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Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

Eric Jorgenson is an entrepreneur, writer, and investor. He is on the founding team of Zaarly, and has been publishing online since 2014. His blog has educated and entertained over a million readers.Eric is on a quest to create (and eat) the perfect sandwich. He tweets at @ericjorgenson and publishes new pieces and projects on ejorgenson.com/blog

Eric Jorgenson

The Almanack of Naval Ravikant

The Almanack Of Naval Ravikant

Having more than one co-founder help. Many successful startup have similar stories eg Microsoft, facebook . Here are some of the reason:Productivity: High quality and quantity of work. Moving fast is critical in startup. You can have 2-3 times work done in same time. Also, Having Co Founder helps you see around corner.Moral support : Cofounder often provide support during hard time and having somone to empathies and balance out your thoughts sometime.

Why Do We Need Co-Founder

People you knowPeople who are fun to work withSome places to find are college friends , work place colleagues, friends of friend.Work on small project with them to know whether to work with. Check during this your working style compatibility and skill sets

Where Do You Find Cofounder ?

Meet in person ASAPIf you are non-tech founder , try to find some tech founder. Try showing what progress have you made alone. Show your MVP if you have made one. To get clear understanding of each other.

Tips For Co Founder

Goals and Values: why do you want to do it Stress: How do they deal with stress. How you help each other handle stress. Because there are gonna be stressful times.Communication: have honest and clear communication. & offer feedback to each other .Finances : How much time you can go without salary. What timeliness do you have in mind. Is it 1 month, 2 month or 1 year.Commitment : How much you can work on this project, whether 1 or 2 hrs a day or work on weekends.Meet in person as soon as possible. So that the communication is smooth. Don't have CFs for fund raising , or learnable skills.

Evaluating Potential Co Founder (CF)

Dev shops are expensive and are to cater clear deliverables .As a startup you don't have clear picture sometime and will face lot of issues. Iteration of product can be expensive in that case.Moreover Dev shops don't care about your customersHaving a tech founder helps.If you don't have tech co founder , atleast learn to code.

Tech Founder Vs Dev Ops

To know compatibility for projects with someone. You have to try to work with them on some projectTake small project and try to work with them on this.Have a time line usually 2-4 weeks. And check who owns it to the end.Also , in the end like any choice in life . You will need to take a leap of faith.

Trial Projects

By default split it equally : this is in view that you are going to go too far on this project and should be equally motivated. People may feel they came up with idea, so the share should be different . But ideas change over time as you grow. But if things go well , you are gonna work for 7-10 years with each other. Do you came with idea is such a small thing in this long run.

How To Split Equity

Communication: have good relationships with CFs . Be comfortable in having hard conversations if required.Finances : have clear discussions on the finances. How long can you work without salary or how long can you wait for product to go Viral. What timeline is your expectation

How To Work Together

<ul><li class="ql-align-justify">How much time to work on the startup ?</li><li class="ql-align-justify">What does being available or response time look like ?</li><li class="ql-align-justify">How long can you go without salary/ benefits?</li><li class="ql-align-justify">What milestone to be reached to feel motivated ?</li></ul>

Topics To Discuss In Advance

<ul><li>Trust people by default</li><li> If you say you'll do something, do it</li><li>Create space for mistakes. Never say "I told you so."</li><li> Spend time together in person</li></ul>

Building Trust

<ul><li>Start with clear title, atleast pickup a CEO.</li><li>Clear areas of ownership, who is the final decision maker</li><li>What happens if someone disagrees slightly vs strongly.</li><li>Setup structure for accountability</li></ul>

Setup For Quick Decision Making

<ul><li>Keep an eye on mental health of each other: whether anyone of you feel burnout.</li><li>Know how your co founder reacts when they are under stress : do they attack or do they retreat.</li><li>Does your co founder speak up when they see the problem or do they bottle it up ?</li><li>What environment are most comfortable for your co founder to voice concern: whether on walk, over dinner or in meeting.</li><li>Are you comfortable praising each other or celebrating each others win ?</li><li>Will you feel attacked if your CF make suggestions about your work ?</li></ul>

Personality And Communication Style

<ul><li>Regular, scheduled 1:1s</li><li>Bi-directional feedback - both positive and constructive</li><li>Don't delay hard conversations</li><li>Engage a coach</li><li>Avoid personal attacks and normalize failure Argue, but know who is ultimately the decision maker</li></ul>

Useful Habits And Structures

In the startup world, finding co-founder is very critical. The following stash provide guidelines to do it effectively.  This stash is summary of video of Y combinator .

Catheryn Li built the YC co-founder matching platform. This discussion with YC Visiting Partner Divya Bhat covers the importance of having a co-founder, how to get and vet one, and how to build a successful working relationship with your co-founder.

Apply to Y Combinator: https://yc.link/SUS-apply
Work at a startup: https://yc.link/SUS-jobs

Chapters (Powered by https://bit.ly/chapterme-yc) - 
00:00 - Introduction
00:41 - Meaning of a co-founder
03:39 - Finding a co-founder
04:39 - Co-founder matching platform
08:17 - Tips on getting the most of the platform
10:04 - Evaluate potential co-founder
12:35 - Technical co-founder vs. Dev shops
13:40 - Trial projects
14:40 - Spliting equity
16:29 - How to work together
18:59 - Topics to discuss before committing
20:07 - Building trust
24:01 - How to setup for quick decision making
26:20 - Personality and communication styles
29:04 - Useful habits for a productive relationship

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The Almanack Of Naval Ravikant

Keys To Successful Co-Founder Relationships | Startup School

Satyendra Tiwari